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What factors tend to understate the extent to which the official unemployment rate accurately measures the degree of economic hardship in the nation? What factors lead some observers to conclude that the official unemployment rate overstates economic hardship?
Consider again the case analyzed in class with two sectors exhibiting constant returns to scale technology (sector A is capital intensive and sector T is labor intensive). Suppose there is a neutral technological change in sector T only (no technolog..
What are some of the reasons that the U.S. has greater degrees of income and wealth inequality than other high-income market capitalist economies?
What are your thoughts and experiences of special education law or children with disabilities in the education system in America? What do you think should be done to support students with disabilities in light of shrinking school budgets?
Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social..
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
Illustrate what is the firm's current profit. Illustrate what is likely to occur in this market.
At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. Traders and investors are instead focusing only ..
What are some of the unintended consequences of efforts to regulate the illicit global economy? How can states more effectively reduce the negative consequences of black markets?
a company that recently spent $10,000 to develop a statistical software package.
The average cost of a certain model car was $18,000 ten years ago. This year the average cost is $30,000. calculate the average monthly inflation rate fm for this model. given the monthly rate fm, what is the effective annual rate, f, of inflation fo..
The book defines Web 2.0 as “Internet services that foster collaboration and information sharing which of the following is not considered a characteristic of Web 2.0?
Determine the income elasticity of demand, and state whether good X is a normal or inferior good. d. Determine the own advertising elasticity of demand.
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